The Dubai stock market index DFMGI gained for the third session straight on Monday, July 14, closing 0.67 per cent higher at 4,579.76 points.
Arabtec Holding surged by 0.94 per cent to reach a one-month high at AED4.28. In today’s issues of several UAE daily newspapers, such Gulf News and Al Bayan, Arabtec placed ads inviting its shareholders to make us of the construction firm’s investor relations channels by phone and email, under the slogan: ‘Arabtec is close to you than ever’. The firm sparked speculations last month when its former CEO, Hasan Ismaik, abruptly resigned. The row dragged the DFMGI down by 22 per cent in June, the worst performing month since the great recession.